# Lauzen Accounting | Comprehensive Accounting Solutions > Small Business Accounting Done Right --- ## Pages - [Staff Directory](https://lauzenaccounting.com/about/staff/): Staff Directory Our clients receive the added benefit of working directly with a highly experienced, well-credentialed staff, along with our... - [Forms](https://lauzenaccounting.com/help/forms/): For your convenience we have a variety of forms available for you to use in your daily business activities. Federal... - [About Us](https://lauzenaccounting.com/about/): Lauzen Accounting is a firm that is known for the quality of its service. Our firm’s reputation reflects the high... - [Bookkeeping](https://lauzenaccounting.com/services/bookkeeping/): Bookkeeping That Saves Time, Improve Your Efficiency, & Save Money Do you wish you had more time to manage your... - [Payroll](https://lauzenaccounting.com/services/payroll/): Your Strategic Payroll Partner Is payroll taking you away from more important things? Think of Lauzen Accounting as your strategic... - [Tax Services](https://lauzenaccounting.com/services/tax-services/): Is your accountant a tax planner or a tax preparer? At Lauzen Accounting, we do more than simply prepare tax... - [Accounting Services](https://lauzenaccounting.com/services/accounting/): Are you frustrated because your accountant never calls you with business advice? Our Accounting Service includes the preparation of accurate... - [Privacy Policy](https://lauzenaccounting.com/privacy-policy/): Lauzen Accounting, Privacy Policy & Terms Of Use We believe strongly in protecting your privacy. That’s why we’re committed to... - [Home](https://lauzenaccounting.com/): At Lauzen Accounting, we understand the needs of small businesses and what it takes to be successful. With our full... - [Help Center](https://lauzenaccounting.com/help/): WE ARE HERE TO HELP YOU At Lauzen Accounting, we know that there are many issues that sometimes happen that... - [Business Accounting For Small Businesses](https://lauzenaccounting.com/lp/business-accounting-small-businesses/): Are you frustrated because your accountant never calls you with business advice? Are you barely managing to get by with... - [Lauzen Accounting Referral Program](https://lauzenaccounting.com/referral-program/) - [Tax Cheat Sheet](https://lauzenaccounting.com/lp/tax-cheat2/) - [Tax Cheat Sheet](https://lauzenaccounting.com/lp/tax-cheat3/) - [Tax Cheat Sheet](https://lauzenaccounting.com/lp/tax-cheat4/) - [Tax Cheat Sheet](https://lauzenaccounting.com/lp/tax-cheat-sheet/) - [Top Reasons Small Businesses Fail](https://lauzenaccounting.com/lp/top-reasons-small-businesses-fail-ig1/) - [Top Reasons Small Businesses Fail](https://lauzenaccounting.com/lp/top-reasons-small-businesses-fail-ig2/) - [Top Reasons Small Businesses Fail](https://lauzenaccounting.com/lp/top-reasons-small-businesses-fail-ig3/) - [Infographic - Top Reasons Businesses Fail](https://lauzenaccounting.com/lp/infographic-top-reasons-businesses-fail/) - [Supporting Small Businesses](https://lauzenaccounting.com/lp/supporting-small-businesses/): http://syit. us/1gYLNQk Supporting Small Business Success – YouTube - [Thank You For Downloading The Top Reasons Why Small Businesses Fail eBook](https://lauzenaccounting.com/lp/why-businesses-fail-ebook-thank-you/) - [Reasons Small Businesses Fail](https://lauzenaccounting.com/lp/reasons-small-businesses-fail/) - [eBook Adwords](https://lauzenaccounting.com/lp/ebook-adwords/): Top Reasons Why Small BusinessFAIL How To Avoid The Same Fate! Think back to when you started your business. What... - [Why Small Businesses Fail](https://lauzenaccounting.com/lp/why-small-businesses-fail/): Top Reasons Why Small BusinessFAIL How To Avoid The Same Fate! Think back to when you started your business. What... - [lp](https://lauzenaccounting.com/lp/) - [Small Business Accounting](https://lauzenaccounting.com/lp/small-business-accounting/): Are you frustrated because your accountant never calls you with business advice? Are you barely managing to get by with... - [Mortgage Payoff](https://lauzenaccounting.com/help/financial-calculators/mortgage-payoff/): Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could... - [Auto - Buy vs Lease](https://lauzenaccounting.com/help/financial-calculators/auto-buy-vs-lease/): Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could... - [Retirement Planner](https://lauzenaccounting.com/help/financial-calculators/retirement-planner/): Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could... - [Net to Gross Payroll Calculator](https://lauzenaccounting.com/help/financial-calculators/net-to-gross-payroll-calculator/): Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could... - [College Saving](https://lauzenaccounting.com/help/financial-calculators/college-saving/): Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could... - [Cool Million](https://lauzenaccounting.com/help/financial-calculators/cool-million/): Use this calculator to generate an estimated amortization schedule for your current mortgage. 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Quickly see how much interest you could... - [Financial Calculators](https://lauzenaccounting.com/help/financial-calculators/): Mortgage Calculators Mortgage Loan Calculator Use this calculator to determine your monthly payment and amortization schedule. Mortgage Payoff Save thousands... - [Our Client Center](https://lauzenaccounting.com/client-center/): Welcome To Our New Client Center page specifically designed for you. Client Center Client Login Username: Password: – Forgot Password?... - [Go Mobile](https://lauzenaccounting.com/about/go-mobile/): Go Mobile with Lauzen Accounting! Download the NetClient CS app from the Apple App Store or Google Play Store: The... - [Resources](https://lauzenaccounting.com/help/resources/): Get Off to a Good Start with These Valuable Tools We know your time is valuable, so we’ve collected some... - [Services](https://lauzenaccounting.com/services/): A Level of Convenient Services That You’ve Never Experienced Before A Level of Convenience That You’ve Never Experienced Before Comprehensive... - [Blog](https://lauzenaccounting.com/blog/) - [Need Help? Contact Us!](https://lauzenaccounting.com/contact/): Need Accounting Help? Contact Us! | Lauzen Accounting Lauzen Accounting 27W430 Warrenville RoadWarrenville, IL 60555Phone: 630. 393. 0202Fax: 630. 393.... --- ## Posts - [July 2017 Tax Section News](https://lauzenaccounting.com/july-2017-tax-section-news/): Monthly tax news for July 2017 that includes a Letter from the AICPA Tax Executive Chair, Annette Nellen, the latest... - [Attorney Client Privilege and Use of Kovel Arrangements FAQs](https://lauzenaccounting.com/attorney-client-privilege-and-use-of-kovel-arrangements-faqs/): This series of frequently asked questions (FAQs) explains several privileges and protections that are relevant to a CPA who provides... - [June 2017 Tax Section News](https://lauzenaccounting.com/june-2017-tax-section-news/): Read the latest on the future of tax technology from the Letter from the Director as well as the latest... - [Letter from the AICPA Tax Executive Committee Chair: Embracing Uncertainties - The Reality (and Excitement) of Tax Work](https://lauzenaccounting.com/letter-from-the-aicpa-tax-executive-committee-chair-embracing-uncertainties-the-reality-and-excitement-of-tax-work/): The tax world is constantly plagued with uncertainties. Temporary rules are a standard feature of federal and state tax systems,... - [Update on Sec. 7345 Passport Legislation](https://lauzenaccounting.com/update-on-sec-7345-passport-legislation/): As part of the Fixing America’s Surface Transportation Act, Sec. 7345 authorizes the IRS to notify the State Department of... - [Making Virtual Meetings a Part of Your Practice](https://lauzenaccounting.com/making-virtual-meetings-a-part-of-your-practice/): Building a successful tax practice includes nurturing a strong relationship with your clients and the effective management of your staff.... - [Are You Ready for a Tax Appeal by Phone? At Least You Won't Have to Dress Up](https://lauzenaccounting.com/are-you-ready-for-a-tax-appeal-by-phone-at-least-you-wont-have-to-dress-up/): When there is a disagreement with an IRS employee (such as a Revenue Agent or Revenue Officer) as to proposed... - [Partnership Audit and Adjustment Rules](https://lauzenaccounting.com/partnership-audit-and-adjustment-rules/): As result of the Bipartisan Budget Act of 2015, Congress enhanced the IRS’s ability to audit large partnerships. The changes... - [Hot Topics: Cash Flow Q&A for Start-ups](https://lauzenaccounting.com/hot-topics-cash-flow-qa-for-start-ups/): read more For more information visit: PASBA - [Letter from the Director - AICPA Tax Practice & Ethics](https://lauzenaccounting.com/letter-from-the-director-aicpa-tax-practice-ethics/): The tax profession is changing – how are you preparing? You moved your data to the cloud and mastered Form... - [Complexities for Clients Who Are U.S. Beneficiaries](https://lauzenaccounting.com/complexities-for-clients-who-are-u-s-beneficiaries/): Recommendations to help the IRS correctly track U. S. beneficiaries of foreign trust withholding credit. For more information visit: AICPA... - [Best Practices for Staff Training](https://lauzenaccounting.com/best-practices-for-staff-training/): It is a good time to evaluate the options for your staff training since filing season is in the rear... - [May 2017 Tax Section News](https://lauzenaccounting.com/may-2017-tax-section-news/): What You Missed While in Tax Season; Available Now: Tax Section Web Tours For more information visit: AICPA – Tax - [Hot Topics: Creating an Employee Handbook](https://lauzenaccounting.com/hot-topics-creating-an-employee-handbook/): read more For more information visit: PASBA - [Tax Education Resources for Students and Teachers](https://lauzenaccounting.com/tax-education-resources-for-students-and-teachers-2/): Our tax education resources for students and teachers helps accounting educators For more information visit: AICPA – Tax - [Hot Topics: New to Small Business?](https://lauzenaccounting.com/hot-topics-new-to-small-business/): Things you should know for your first tax filing. read more For more information visit: PASBA - [Staff Performance Evaluations](https://lauzenaccounting.com/staff-performance-evaluations/): During the busy seasons, CPA firm staff and supervisors are focused on their clients. For the best employees, the volume... - [IRS Hires Private Debt Collection Services: How to Help Your Clients](https://lauzenaccounting.com/irs-hires-private-debt-collection-services-how-to-help-your-clients/): The recent announcement that the IRS is turning over certain collection cases to third-party debt collectors has sent some shock... - [Issues to Consider When Establishing a Tax Home Overseas](https://lauzenaccounting.com/issues-to-consider-when-establishing-a-tax-home-overseas/): As the world has become a smaller place, more and more businesses have developed international operations. Once established, these foreign-based... - [Partnership Tax Audits: The New Rules](https://lauzenaccounting.com/partnership-tax-audits-the-new-rules/): The new partnership audit regime under the Bipartisan Budget Act of 2015, P. L. 114-74 (“BBA”), radically changes the assessment... - [April 2017 Tax Section News](https://lauzenaccounting.com/april-2017-tax-section-news/): April 2017 Tax Section News including updates on Tax Reform, IRS collection standards, ITIN service options, providing tax services to... - [Hot Topics: Retirement Plannning for Small Business](https://lauzenaccounting.com/hot-topics-retirement-plannning-for-small-business/): read more For more information visit: PASBA - [Member Spotlight - Arthur "Kip" Dellinger](https://lauzenaccounting.com/member-spotlight-arthur-kip-dellinger/): Kip Dellinger is a current member of the AICPA Tax Executive Committee, and is by no means a rookie volunteer... - [How to Avoid the "Why is My Bill So High" Phone Call from Clients](https://lauzenaccounting.com/how-to-avoid-the-why-is-my-bill-so-high-phone-call-from-clients/): If you have been involved in billing at any level, you have gotten a phone call from a client who... - [Tax Reform: Reality or Wishful Thinking?](https://lauzenaccounting.com/tax-reform-reality-or-wishful-thinking/): In December, I thought there was a very good likelihood that a fundamental tax reform bill might be passed before... - [Up in Smoke? Tax Services for Marijuana-Affiliated Businesses](https://lauzenaccounting.com/up-in-smoke-tax-services-for-marijuana-affiliated-businesses/): If you prepare taxes for clients in any of the majority of states or jurisdictions that now permit some form... - [March 2017 Tax Section News](https://lauzenaccounting.com/march-2017-tax-section-news/): IRS Tax Scams; Vacation Just Around the Corner For more information visit: AICPA – Tax - [Movement on Repeal of both 1099s](https://lauzenaccounting.com/movement-on-repeal-of-both-1099s/): The committee action, which also made changes to a tax credit enacted in the health care reform law, follows advocacy... - [Hot Topics: Overtime Rule Delayed Leaving Businesses and Employees in the Lurch](https://lauzenaccounting.com/hot-topics-overtime-rule-delayed-leaving-businesses-and-employees-in-the-lurch/): read more For more information visit: PASBA - [February Tax Section News](https://lauzenaccounting.com/february-tax-section-news/): Tax Section News for February including important tax updates and “Executive Orders – A Primer” For more information visit: AICPA... - [January Tax Section News](https://lauzenaccounting.com/january-tax-section-news/): January Tax Section News including Capital Tax Update and Thriving in Tax Season. For more information visit: AICPA – Tax - [Data Compromises: A Tax Practitioner's Nightmare](https://lauzenaccounting.com/data-compromises-a-tax-practitioners-nightmare/): Data compromises are a daily event in the U. S. , and data compromises targeting tax professionals are on the... - [Adventure! Relaxation! Education! Your Vacation is Just Around the Corner!](https://lauzenaccounting.com/adventure-relaxation-education-your-vacation-is-just-around-the-corner/): You’ve probably been asked this dozens of times in the past few months. As if you needed another reminder of... - [IRS Collection Guidance and Resources](https://lauzenaccounting.com/irs-collection-guidance-and-resources/): Practitioners are likely to have clients who owe taxes to the IRS and who are unable to immediately pay the... - [Toolkit: Your Computer has been Locked.](https://lauzenaccounting.com/toolkit-your-computer-has-been-locked/): read more For more information visit: PASBA - [What to Do When a Key Member of Your Team is Unexpectedly Out of the Office](https://lauzenaccounting.com/what-to-do-when-a-key-member-of-your-team-is-unexpectedly-out-of-the-office/): When a key member of your staff leaves unexpectedly, it can be a challenge to work through busy season without... - [Top 5 Ways to Burn Calories During Tax Season](https://lauzenaccounting.com/top-5-ways-to-burn-calories-during-tax-season/): Finding time to take care of your physical and emotional health this tax season can be hard to do. Luckily... - [Sec. 2704 Estate Valuation Regulations Not Withdrawn Under the Regulatory Freeze Executive Order: CPAs Need to Consider Disclosure Statements](https://lauzenaccounting.com/sec-2704-estate-valuation-regulations-not-withdrawn-under-the-regulatory-freeze-executive-order-cpas-need-to-consider-disclosure-statements/): The executive order that freezes federal regulations only withdraws regulations that were not yet published. Sec. 2704 proposed regulations are... - [Letter from the Chair](https://lauzenaccounting.com/letter-from-the-chair-2/): Annette Nellen, Chair of the AICPA Tax Executive Committee, gives highlights on recent developments on the AICPA Tax Division as... - [Executive Orders - A Primer](https://lauzenaccounting.com/executive-orders-a-primer/): With executive orders being in the spotlight recently, this article explains the authority of an executive order and highlights the... - [New Due Diligence Requirements and Preparer Penalties for 2016 Tax Returns](https://lauzenaccounting.com/new-due-diligence-requirements-and-preparer-penalties-for-2016-tax-returns/): Tax return preparers will need to spend additional time to determine the eligibility of clients to claim certain credits and... - [Capital Tax Update](https://lauzenaccounting.com/capital-tax-update-3/): When it comes to important tax and political activity, January 2017 is no slouch. Not only is a new President... - [Reducing Investment Taxes in the New Year](https://lauzenaccounting.com/reducing-investment-taxes-in-the-new-year/): As CPAs, we know that the biggest drag on investment performance is taxes, and this year will undoubtedly result in... - [Thriving in Tax Season: Action Steps for Success](https://lauzenaccounting.com/thriving-in-tax-season-action-steps-for-success/): There are a number of ways to improve your upcoming tax season, many of which can be executed easily with... - [Expectations for Tax Season: A Recap from Our Tax Practice Quarterly Webcast](https://lauzenaccounting.com/expectations-for-tax-season-a-recap-from-our-tax-practice-quarterly-webcast/): A recap of our tax practice quarterly webcast on Gearing Up for the Tax Season with a summary of the... - [A New Year, with New Due Dates, and New Uncertainty](https://lauzenaccounting.com/a-new-year-with-new-due-dates-and-new-uncertainty/): As the 2017 tax season shifts into high gear, practitioners should carefully consider the impact of legislation that modified both... - [Hot Topics: Smart Ways to Work More Efficiently](https://lauzenaccounting.com/hot-topics-smart-ways-to-work-more-efficiently/): read more For more information visit: PASBA - [New Tax Return Due Dates Frequently Asked Questions (FAQs)](https://lauzenaccounting.com/new-tax-return-due-dates-frequently-asked-questions-faqs/): 2016 is rapidly drawing to a close, which means it is time to gear up for the 2017 filing season.... - [Using IRS E-Services](https://lauzenaccounting.com/using-irs-e-services-2/): Webpage providing guidance and resources about IRS E-Services tools. For more information visit: AICPA – Tax - [Was 2016 a Good Year for Tax and Tax Practitioners?](https://lauzenaccounting.com/was-2016-a-good-year-for-tax-and-tax-practitioners/): CPAs can again look forward to a punctual beginning for tax season with a reasonable amount of certainty about tax... - [Breaking ACA News That Will Impact Upcoming Filing Requirements](https://lauzenaccounting.com/breaking-aca-news-that-will-impact-upcoming-filing-requirements/): Although the Affordable Care Act (ACA) and the related information reporting provisions have been in place for a couple of... - [10 Practical Tips to Secure Your Firm's Network](https://lauzenaccounting.com/10-practical-tips-to-secure-your-firms-network/): As the 2017 filling season rapidly approaches, now is an excellent time to review your firm’s cybersecurity practices. In today’s... - [Hot Topics: IRS Extends ACA 6055 and 6056 Reporting Deadline for 2016](https://lauzenaccounting.com/hot-topics-irs-extends-aca-6055-and-6056-reporting-deadline-for-2016/): read more For more information visit: PASBA - [Hot Topics: Acquiring a Business? A Guide to Acquisition Financing](https://lauzenaccounting.com/hot-topics-acquiring-a-business-a-guide-to-acquisition-financing/): Expanding your growing enterprise is an exciting proposition but finding financing to help acquire a new business can be a... - [Checklists](https://lauzenaccounting.com/checklists-3/): 2015 tax checklists that are part of the annual compliance kit For more information visit: AICPA – Tax - [Practice Management Guides](https://lauzenaccounting.com/practice-management-guides-3/): Misc. practice guides for 2015; part of Annual Compliance Kit For more information visit: AICPA – Tax - [Engagement Letters](https://lauzenaccounting.com/engagement-letters-3/): 2015 engagement letters as part of the Annual Compliance Kit For more information visit: AICPA – Tax - [Hot Topics: Increases and Changes to IRS Tax Limits for 2017](https://lauzenaccounting.com/hot-topics-increases-and-changes-to-irs-tax-limits-for-2017/): read more For more information visit: PASBA - [Letter from the Chair of the AICPA Tax Executive Committee](https://lauzenaccounting.com/letter-from-the-chair-of-the-aicpa-tax-executive-committee/): The AICPA Tax Division welcomes new and returning volunteers to its technical resource panels (TRPs) and committees. Thank you for... - [What's New in IRS Appeals](https://lauzenaccounting.com/whats-new-in-irs-appeals/): The Office of Appeals is an independent organization within the IRS with the mission of helping taxpayers settle tax disagreements.... - [Halloween Horror Stories: No Accounting for the Wicked](https://lauzenaccounting.com/halloween-horror-stories-no-accounting-for-the-wicked/): While most people’s Halloween shudders come from haunted houses or scary movie marathons on their favorite television channels, fear is... - [Gearing Up for the Next Busy Season](https://lauzenaccounting.com/gearing-up-for-the-next-busy-season/): With another tax deadline behind us, we all can breathe a sigh of relief, but it has to be a... - [What's New in IRS Appeals](https://lauzenaccounting.com/whats-new-in-irs-appeals-2/): The Office of Appeals is an independent organization within the IRS with the mission of helping taxpayers settle tax disagreements.... - [Hot Topics: Five Steps for Hiring the Right Sales People](https://lauzenaccounting.com/hot-topics-five-steps-for-hiring-the-right-sales-people/): You’ve worked day and night to build your business and now you’re finally to the point where you think a... - [Tax Professional Success Stories - Podcasts](https://lauzenaccounting.com/tax-professional-success-stories-podcasts/): Prominent CPAs provide success stories from their careers as tax accountants. They discuss how they became successful, challenges they have... - [Tax Career Opportunities](https://lauzenaccounting.com/tax-career-opportunities/): There are many opportunities for those who seek a career in tax. The financial rewards for successful For more information... - [Tax Education Resources for Students and Teachers](https://lauzenaccounting.com/tax-education-resources-for-students-and-teachers/): Our tax education resources for students and teachers helps accounting educators shape For more information visit: AICPA – Tax - [Campus to Clients Columns](https://lauzenaccounting.com/campus-to-clients-columns/): This quarterly column for the AICPA’s Tax Adviser, publishes in February, May, August, and November. It covers topics of interest... - [Hot Topics: Need Help and Want to Hire Outside the Box?](https://lauzenaccounting.com/hot-topics-need-help-and-want-to-hire-outside-the-box/): read more For more information visit: PASBA - [Jumping Ship – Is it Time for a Career Change?](https://lauzenaccounting.com/jumping-ship-is-it-time-for-a-career-change/): Has the snooze button on your alarm broken off due to excessive use? Does the idea of passing that same... - [Tax Ethics – Always Evolving, Yet Remaining Forever A Sure Thing](https://lauzenaccounting.com/tax-ethics-always-evolving-yet-remaining-forever-a-sure-thing/): “The more things change, the more they stay the same. ” – Jean-Baptiste Alphonse Karr In the ever-changing world of... - [Talking Politics: The Candidates’ Tax Plans and Your Clients’ Questions](https://lauzenaccounting.com/talking-politics-the-candidates-tax-plans-and-your-clients-questions/): In every election cycle, one safe bet is that the candidates will have something to say about taxes. As a... - [SSTS No. 7, Form and Content of Advice to Taxpayers – Communication and Documentation FAQs](https://lauzenaccounting.com/ssts-no-7-form-and-content-of-advice-to-taxpayers-communication-and-documentation-faqs/): The answers to these frequently asked questions (FAQs) are based on guidance developed by the SSTS Guidance Task Force in... - [SSTS No. 6, Knowledge of Error: Return Preparation and Administrative Proceedings – Errors on Return FAQs](https://lauzenaccounting.com/ssts-no-6-knowledge-of-error-return-preparation-and-administrative-proceedings-errors-on-return-faqs/): The answers to these frequently asked questions (FAQs) are based on guidance developed by the SSTS Guidance Task Force in... - [Hot Topics: Ready to change your business' perspective?](https://lauzenaccounting.com/hot-topics-ready-to-change-your-business-perspective/): Horizontal or Vertical Market strategies can make the difference. read more For more information visit: PASBA - [Career Opportunities for CPAs in Tax](https://lauzenaccounting.com/career-opportunities-for-cpas-in-tax/): I walked into the first room and was met with blank stares, that is by those who were actually looking... - [Section 2704 Valuation Regulations – How Will It Impact Your Clients?](https://lauzenaccounting.com/section-2704-valuation-regulations-how-will-it-impact-your-clients/): Despite the long-held belief in tax planning circles that the above is true, the IRS recently proposed regulations that, according... - [Capital Tax Update](https://lauzenaccounting.com/capital-tax-update-2/): In August, it’s so quiet in Washington, you could hear a bill drop. That is, if Congress were here. However,... - [Problems Obtaining Transcripts In Lieu of an Estate Tax Closing Letter](https://lauzenaccounting.com/problems-obtaining-transcripts-in-lieu-of-an-estate-tax-closing-letter/): Last year, the IRS announced that it will no longer automatically issue an estate tax closing letter; instead, taxpayers must... - [Hot Topics: Starting a Small Business? Your Financial I.Q. will play a big role in your future success.](https://lauzenaccounting.com/hot-topics-starting-a-small-business-your-financial-i-q-will-play-a-big-role-in-your-future-success/): Dreaming about starting a business can quickly shift from spending your days enjoying your passion to stressful days of managing... - [Free CPE Events Exclusively for Tax Section Members; Register Today!](https://lauzenaccounting.com/free-cpe-events-exclusively-for-tax-section-members-register-today/): The AICPA’s Tax Section would like to express its sincere gratitude for your membership and commitment to the CPA profession.... - [Brexit Frequently Asked Questions (FAQs) & Answers for Tax Professionals](https://lauzenaccounting.com/brexit-frequently-asked-questions-faqs-answers-for-tax-professionals/): The UK vote to leave the EU, may have major implications for clients and tax practitioners. Here are answers to... - [Identity Theft Continues to Top the List of IRS Administrative Problems](https://lauzenaccounting.com/identity-theft-continues-to-top-the-list-of-irs-administrative-problems/): Identity theft continues to top the list of IRS administrative problems; tax professionals and taxpayers continue to grapple with the... - [Preparing for Fall Extensions](https://lauzenaccounting.com/preparing-for-fall-extensions/): Spring busy season is a time to establish strategies and processes to encourage clients to bring in all of their... - [Brexit – How Will It Impact Your Clients?](https://lauzenaccounting.com/brexit-how-will-it-impact-your-clients/): Worldwide Economic Impact of Brexit, Although most pundits agreed that it was going to be a close vote, not many... - [Member Spotlight: Lisa C. Germano, JD, CGMA, CPA](https://lauzenaccounting.com/member-spotlight-lisa-c-germano-jd-cgma-cpa/): Lisa C. Germano, JD, CGMA, CPA, has served as a Tax Division Volunteer for over 25 years. She has been... - [Tax Ethics & Standards Guidance](https://lauzenaccounting.com/tax-ethics-standards-guidance/): All AICPA members are subject to the AICPA Code of Professional Conduct, including all general and technical standards. There are... - [Engagement Letters](https://lauzenaccounting.com/engagement-letters-2/): 2015 engagement letters as part of the Annual Compliance Kit For more information visit: AICPA – Tax - [Practice Management Guides](https://lauzenaccounting.com/practice-management-guides-2/): Misc. practice guides for 2015; part of Annual Compliance Kit For more information visit: AICPA – Tax - [Checklists](https://lauzenaccounting.com/checklists-2/): 2015 tax checklists that are part of the annual compliance kit For more information visit: AICPA – Tax - [U.S. Gift Tax Return Checklist - 2013](https://lauzenaccounting.com/u-s-gift-tax-return-checklist-2013/): This page includes a checklist for the 2012 U. S. Gift Tax Return (Form 709). These documents were prepared by... - [U.S. Estate Tax Return Checklist - 2013](https://lauzenaccounting.com/u-s-estate-tax-return-checklist-2013/): This section includes a checklist for the 2012 U. S. Estate Tax Return (Form 706). These documents were prepared by... - [Tax Organizer 2013](https://lauzenaccounting.com/tax-organizer-2013-2/): These tax organizers have been designed to assist in compiling the information needed to prepare the respective returns for 2013.... - [Tax Form Preparation Guide - 2013](https://lauzenaccounting.com/tax-form-preparation-guide-2013/): This page includes guides, worksheets, and checklists for 2013 tax form preparation. These documents were prepared by the AICPA Tax... - [Tax Exempt Organizations - 2013](https://lauzenaccounting.com/tax-exempt-organizations-2013/): This section includes checklists for preparing 2013 returns for tax exempt organizations, and the Form 990-EZ checklist is available again... - [Hot Topics: More Chip Card Woes](https://lauzenaccounting.com/hot-topics-more-chip-card-woes/): As of October 2015, retailers who didn’t transition to chip-reader transactions began being accountable for any resulting fraud, known as... - [Trending for You](https://lauzenaccounting.com/trending-for-you/): Supporting our members is what we’re about and we do it two ways: with advocacy and helping you run a... - [IRS Relaunches Get Transcript Online Tool](https://lauzenaccounting.com/irs-relaunches-get-transcript-online-tool/): On June 7, the IRS announced that it relaunched its Get Transcript online tool. Last spring, the online tool was... - [Issue Spotlight: Electing Out of the BBA Partnership Rules](https://lauzenaccounting.com/issue-spotlight-electing-out-of-the-bba-partnership-rules/): In late 2015, the Bipartisan Budget Act of 2015 (the “BBA”) repealed the current Tax Equity and Fiscal Responsibility Act... - [Continuing Your Learning Journey: Beyond CPE Credits!](https://lauzenaccounting.com/continuing-your-learning-journey-beyond-cpe-credits/): As the month of June comes to a close, many of you may have found yourselves at graduations in recent... - [Rev. Proc. 2016-29 and the Final Tangible Property Regulations](https://lauzenaccounting.com/rev-proc-2016-29-and-the-final-tangible-property-regulations/): Just when we begin to assimilate the accounting method changes to the tangible property regulations, along comes Rev. Proc. 2016-29... --- # # Detailed Content ## Pages - Published: 2023-11-08 - Modified: 2025-12-16 - URL: https://lauzenaccounting.com/about/staff/ Staff Directory Our clients receive the added benefit of working directly with a highly experienced, well-credentialed staff, along with our sincere commitment to personal customer service. We invite you to contact us directly. Joseph D. Lauzen, CPA, President 630-393-0202 Joe joined the family firm as a tax accountant in 1998 and was promoted to Vice President in 2002. He became a majority interest owner and President in 2008. His primary responsibility is firm management as they provide small business clients with convenient and comprehensive accounting solutions based on superior client focus, proactive planning, and attention to detail. He continually works to leverage technology to improve the delivery of services and client interaction. Joe graduated from the University of Illinois with a Bachelor of Science in Accountancy. While at the University of Illinois, he played defensive line for the football team, lettering in his junior and senior seasons and was recognized as Academic All-Big 10. Accounting & Tax Managers Constance L. Systo, CPA, EA, Accounting & Tax Manager csysto@35. 194. 12. 67 630-393-0202, ext. 121 Direct Fax: 630-657-1953 Teresa R. Hoffmann, EA, Accounting & Tax Manager thoffmann@35. 194. 12. 67 630-393-0202 ext. 122 Direct Fax: 630-657-1954 Maria A. Valerio, EA, Accounting & Tax Manager mvalerio@35. 194. 12. 67 630-393-0202, ext. 123 Direct Fax: 630-657-1955 Laura A. Fatla, CPA, Accounting & Tax Manager lfatla@35. 194. 12. 67 630-393-0202, ext. 114 Direct Fax: 630-657-1941 Lori Nell, EA, Accounting & Tax Manager lnell@35. 194. 12. 67 630-393-0202, ext. 112 Staff Accountants & Payroll Staff... --- - Published: 2022-10-20 - Modified: 2022-10-20 - URL: https://lauzenaccounting.com/help/forms/ For your convenience we have a variety of forms available for you to use in your daily business activities. Federal 2019 W-4 IRS Form I-9 IRS Form W-9 Illinois - State Forms 2020 State of Illinois W-4 Illinois New Hire Reporting Form Employee Forms Direct Deposit Employee Agreement We have additional accounting forms as well available for you upon request. --- - Published: 2021-07-15 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/about/ Lauzen Accounting is a firm that is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves. We feel it is extremely important to continually educate ourselves to improve our professional knowledge, technical expertise, financial knowledge and service to our clients. Access your financial data securely, online, and at any time. Reduce your overhead costs by eliminating a specialized employee dedicated to overseeing the books. Bookkeeping Access your financial data securely, online, and at any time. Reduce your overhead costs by eliminating a specialized employee dedicated to overseeing the books. Payroll Our in-house payroll experts can address all of your payroll needs, including check processing, direct deposit, and calculating and initiating your payroll tax payments. Accounting Lauzen Accounting provides monthly financial statements that will help you tackle the complexities of your business while ensuring your financial success. Tax Services We offer practical, proactive and innovative solutions to our clients tax planning and preparation requirements that put your business needs first. About Our Firm For three generations, the Lauzen family has delivered professional accounting and tax solutions to help small businesses achieve their financial goals. We understand the challenges you face relating to cash flow, payroll, profit, and taxation and we pride ourselves in the many long-term relationships we have developed with our clients based on our track record of exceeding expectations. Lauzen Accounting has expertise with a variety of industries, including manufactures, professional practices, medical, service companies, construction companies, restaurants, and other... --- - Published: 2021-07-15 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/services/bookkeeping/ Bookkeeping That Saves Time, Improve Your Efficiency, & Save Money Do you wish you had more time to manage your business? With the latest technology in place, our bookkeeping solution allows us to save you time and money by becoming your outsourced accounting department—remotely! We provide professional, consistent and secure bookkeeping services that relieve you of the time-consuming task. You can focus on growing your business, while we take care of your bookkeeping needs. At Lauzen Accounting, you can rely on us for your daily accounts payable, and cash balance tracking. All data is exchanged in real time, giving you a quick and accurate picture of your business activity anytime, anywhere. Outsourced bookkeeping makes smart financial sense. Reduce your overhead costs by eliminating a specialized employee dedicated to overseeing the books. With your trusted advisors on the job, there is never a worry about the security of the data. Your stress is eliminated. The Value of Outsourced Bookkeeping The benefits to you are immense. Consider the following: Frees you to focus on your business, not time-intensive administrative tasks. Eliminates vendor late fees—we ensure that all your bills are paid on time. Saves you money by eliminating the need for onsite staff. Provides assurance that all your bookkeeping needs are met—our experts take care of everything for you. Offers ultimate convenience because all documents are exchanged online. Ensures security of data—processing documents within our online platform is more secure than sending documents via email. The Process is Simple Everything is handled... --- - Published: 2021-07-15 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/services/payroll/ Your Strategic Payroll Partner Is payroll taking you away from more important things? Think of Lauzen Accounting as your strategic payroll partner, turning this tedious administrative chore into a trouble-free function in your business. Our in-house payroll experts can address all of your needs, including check processing, direct deposit, and calculating and initiating your tax payments. Plus, you have the added convenience of exchanging data electronically by simply submitting your payroll data and receiving documents online, resulting in a highly efficient and paperless workflow. Client support is also at the core of our payroll offering. Your account will be handled by a dedicated team of knowledgeable payroll professionals who can answer your questions and ensure your needs are met. It really is hassle-free payroll! The Value of Full-Service Payroll: Offers the comfort of having your trusted, experienced advisor take care of all your payroll needs. Provides personal, one-on-one service—you will always be able to talk to a dedicated payroll professional. Supports flexible processing—you select the schedule that works for you (weekly, bi-weekly, bi-monthly, or monthly). Offers the conveniences of an online, paperless process—you can submit your payroll data and receive documents online. Ensures compliance—rest assured that you are in full compliance with all regulatory requirements. Supports tax filing—we handle your tax filing automatically. Ensures security of data—processing documents within our online platform is more secure than sending documents via email. Supports employee access—employees can access their payroll data through a secure web portal. Fast, efficient and trouble-free. If you're like... --- - Published: 2021-07-15 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/services/tax-services/ Is your accountant a tax planner or a tax preparer? At Lauzen Accounting, we do more than simply prepare tax returns. Our Tax Service includes developing detailed tax projections that are updated throughout the year and suggesting steps that can be taken to influence your tax liability prior to year-end. Our projections are based on careful analysis of your monthly financial statements so you don’t end up with a surprise in April. We know that proactive and aggressive tax planning is critical to minimizing your tax liabilities. When you work with us we make tax planning part of your overall business strategy and not just something we do at year end. In addition to tax planning, Lauzen Accounting’s Tax Service includes the preparation of your business and personal tax returns. Our accurate tax compliance work is based on a strong knowledge of current tax law and we will represent our monthly business clients, at no additional charge, in the event of a tax audit on returns prepared by our firm. You can be confident that our firm is on top of the current new developments in the tax laws to decrease both your current and future tax liabilities. We offer practical, proactive and innovative solutions to tax planning that put your business or personal needs first. Our firm provides our business clients with the taxation expertise and knowledge that they deserve year round. Our tax services include but are not limited to: Tax returns for your corporation, partnership, or LLC... --- - Published: 2021-07-15 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/services/accounting/ Are you frustrated because your accountant never calls you with business advice? Our Accounting Service includes the preparation of accurate and timely monthly financial statements in order to provide client consultation and advice. Current and accurate financial statements are the foundation of successful business guidance. If your current accountant prepares only quarterly or annual financial statements for your business, any advice or analysis is often too late to be relevant. Lauzen Accounting will help you utilize your monthly financial statements and tackle the financial complexities of your business. Our advanced web-based platform allows our clients to download critical financial documents, securely exchange data and use their accounting software online available through our website anytime, anywhere. As part of the Lauzen Accounting team, you will benefit from convenient solutions that leverage the latest technology. Our Accounting Service provides all of the essential services necessary for your small business success including meaningful business guidance. We will take care of your accounting tasks including: Reconciling Bank Statements Balancing Credit Cards Maintaining General Ledger Preparing Financial Statements Preparing Sales and Payroll Tax Filings Providing helpful financial guidance along the way! All activity is facilitated online through our advanced web-based platform... offering ultimate convenience for you. Review Our 2015 Comprehensive Accounting Fact Sheet --- - Published: 2021-07-13 - Modified: 2021-07-17 - URL: https://lauzenaccounting.com/privacy-policy/ Lauzen Accounting, Privacy Policy & Terms Of Use We believe strongly in protecting your privacy. That’s why we’re committed to the Direct Marketing Association’s “Privacy Promise to American Consumers. ” We have agreed to: (1) provide customers with the notice of their ability to opt out of information rental, sale, or exchange with other marketers; (2) honor customers’ requests not to share their information with other marketers; and (3) honor customers’ requests not to receive mail, telephone, or other solicitations from Lauzen Accounting Collecting Information About You In general, you can visit many of our web pages without telling us who you are or revealing any personal information about yourself. We may track the Internet domain address from which people visit us and analyze this data for trends and statistics, but individual users will remain anonymous, unless you voluntarily tell us who you are. We will never share or sell your email address! Lauzen Accounting will only use your information to communicate with you about your request and/or send you marketing materials. Please be assured of the caution we use regarding the personal information you provide during the checkout process. This information is used to process your order and email you a confirmation of the order plus the shipping information. In addition, other internal uses for personal information received through our Web site may arise, which may include analyzing Web viewing trends and informing you of our new products to help enhance your shopping experience with Lauzen Accounting. Cookies The... --- - Published: 2021-07-12 - Modified: 2021-08-05 - URL: https://lauzenaccounting.com/ At Lauzen Accounting, we understand the needs of small businesses and what it takes to be successful. With our full line of Comprehensive Accounting Solutions, we become part of your small business team, focusing on your internal accounting needs like bookkeeping and payroll while also providing you with meaningful business guidance and tax planning based on timely and accurate monthly financial statements. By working with you on a monthly basis, we gain a clear understanding of your business and can provide you with sound business advice, making running your business more profitable and less time-consuming. Our services are available through our website using secure, online portals. That means you will enjoy the added convenience of 24/7 access to all of your financial information and experience the peace of mind knowing you are sharing information with our staff daily, in real time. In order to encourage communication, our services are offered on a flat-fee basis. You’ll never be charged extra for a quick phone call or a detailed conversation. We emphasize a team approach because when our clients win, we all win. Accounting Services Our Accounting Service provides all of the essential services necessary for your small business success including meaningful business guidance. We will take care of your accounting tasks including: Reconciling Bank Statements Balancing Credit Cards Maintaining General Ledger Preparing Financial Statements Preparing Sales and Payroll Tax Filings Providing helpful financial guidance along the way! Find Out More... Bookkeeping At Lauzen Accounting, you can rely on us for your... --- - Published: 2021-07-10 - Modified: 2021-08-02 - URL: https://lauzenaccounting.com/help/ WE ARE HERE TO HELP YOU At Lauzen Accounting, we know that there are many issues that sometimes happen that you just need a quick reference or help in getting you through to the next step. So we have a variety of items here to get you past that point or if you need to just give us a call and we will be glad to help you as well. Excellent support Our trained staff members are able to provide you with the support and resources that you need to run your business more efficiently. Get Off to a Good Start with These Valuable Tools We know your time is valuable, so we’ve collected some resources to provide you with tools and links to helpful information. From this page, you can access our refund tracker to check refund status, our easy-to-use calculators, or links to other online resources, as well as our monthly newsletter. Plus, if you’re a building owner, please see important information directed to you. DIDN`T FOUND ANSWER YOU LOOKING FOR? Feel free to contact us. We are here to help you work better! How do I set up/Install remote desktop capabilities/shortcut for my Hosted QuickBooks? Access our downloads page here http://rc. lauzenaccounting. com/InfiniteApp/Downloads/IndexLogin I'm having trouble with QuickBooks... Where do I get support? If you need assistance with your QuickBooks application outside of our business hours, please go to direct to their support at http://support. quickbooks. intuit. com/support/ How do I access/use my secure web portal? In... --- - Published: 2016-06-15 - Modified: 2025-11-22 - URL: https://lauzenaccounting.com/lp/business-accounting-small-businesses/ Are you frustrated because your accountant never calls you with business advice? Are you barely managing to get by with your accounting needs? Does small business accounting take more time than you can offer? Do you think your financials are accurate? At Lauzen Accounting, our focus is on small businesses and providing them with the accounting services that they not only need but require. Our staff is able to work with you to help you manage your small business finances accurately and will guide you in better managing your small business accounting. Our Comprehensive Accounting Solutions includes the preparation of accurate and timely monthly financial statements in order to provide client consultation and advice. Current and accurate financial statements are the foundation of successful business guidance. If your current accountant prepares only quarterly or annual financial statements for your business, any advice or analysis is often too late to be relevant. Lauzen Accounting will help you utilize your monthly financial statements and tackle the financial complexities of your business. Our advanced web-based platform allows our clients to download critical financial documents, securely exchange data and use their small business accounting software online available through our website anytime, anywhere. As part of the Lauzen Accounting team, you will benefit from convenient solutions that leverage the latest technology. Our Small Business Accounting Service provides all of the essential services necessary for your small business success including meaningful business guidance. We will take care of your accounting tasks including: Reconciling Bank Statements Balancing... --- - Published: 2016-04-25 - Modified: 2020-05-31 - URL: https://lauzenaccounting.com/referral-program/ Client Name* First Last Client Business Name*Referral Client Name* First Last Referral Client Business Name*Referral Client Phone Number*Referral Client Email Address* /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ --- - Published: 2015-10-12 - Modified: 2015-10-13 - URL: https://lauzenaccounting.com/lp/tax-cheat-sheet/ Full Name*Email* Your RoleYour CompanyWebsite /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ --- - Published: 2015-09-10 - Modified: 2015-09-10 - URL: https://lauzenaccounting.com/lp/top-reasons-small-businesses-fail-ig1/ Fill out this quick contact form and we will be in touch with you soon. First Name:*Last Name:*Company Name:Email:* Phone:*General Information or Questions: /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ --- - Published: 2015-08-26 - Modified: 2015-08-26 - URL: https://lauzenaccounting.com/lp/supporting-small-businesses/ http://syit. us/1gYLNQk Name* First Last Company Name*Email* Enter Email Confirm Email Work Phone*Mobile Phone /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ Supporting Small Business Success - YouTube https://youtu. be/NW31h9IciZA Small business accounting take more time than you can afford? We will take care of your accounting tasks including: Reconciling Bank Statements Balancing Credit Cards Maintaining General Ledger Preparing Financial Statements Preparing Sales and Payroll Tax Filings Providing helpful financial guidance along the way! Comprehensive Accounting Solutions Think of us as your outsourced accounting department with individual and business tax support. Our Comprehensive Accounting Solutions offer small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2's, produce 1099's, prepare tax returns and supply valuable financial and tax advice throughout the year. All activity is completed online via a technologically advanced SaaS-based platform-so communication and document exchange is in real-time. Our video shows a brief overview as to what all Lauzen Accounting can do for you. Download Our eBook Now Regarding The Top Reasons Small Businesses Fail Call Us Today 630. 933. 0202 // ]]> --- - Published: 2015-08-20 - Modified: 2015-08-20 - URL: https://lauzenaccounting.com/lp/reasons-small-businesses-fail/ Name* First Last Company Name*Email* Enter Email Confirm Email Work Phone*Mobile Phone /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ --- - Published: 2015-08-13 - Modified: 2015-08-13 - URL: https://lauzenaccounting.com/lp/ebook-adwords/ Top Reasons Why Small BusinessFAIL How To Avoid The Same Fate! Think back to when you started your business. What was your primary reason for making the leap? Most people start a business because they are good at, and enjoy, offering a specific product or service. As a business grows, the founding team members often get sucked into doing operations-related tasks. The business owner takes on these tasks even though they may have never done them before and have little to no expertise in that particular area. Accounting and legal related tasks are two examples. Step 1 of 2 50% NameEmail PhoneQuestions / Comments: Name VerificationIn order to reduce spam submissions please provide your name a second time. Name First Last /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ Name* First Last Company Name*Email* Enter Email Confirm Email Work Phone*Mobile Phone /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ As A Business OwnerAre You Guilty Of: Poor Financial... --- - Published: 2015-08-11 - Modified: 2015-08-20 - URL: https://lauzenaccounting.com/lp/why-small-businesses-fail/ Top Reasons Why Small BusinessFAIL How To Avoid The Same Fate! Think back to when you started your business. What was your primary reason for making the leap? Most people start a business because they are good at, and enjoy, offering a specific product or service. As a business grows, the founding team members often get sucked into doing operations-related tasks. The business owner takes on these tasks even though they may have never done them before and have little to no expertise in that particular area. Accounting and legal related tasks are two examples. Step 1 of 2 50% NameEmail PhoneQuestions / Comments: Name VerificationIn order to reduce spam submissions please provide your name a second time. Name First Last /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ Name* First Last Company Name*Email* Enter Email Confirm Email Work Phone*Mobile Phone /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ As A Business OwnerAre You Guilty Of: Poor Financial... --- - Published: 2014-08-21 - Modified: 2025-11-22 - URL: https://lauzenaccounting.com/lp/small-business-accounting/ Are you frustrated because your accountant never calls you with business advice? Are you barely managing to get by with your accounting needs? Does small business accounting take more time than you can offer? Do you think your financials are accurate? At Lauzen Accounting, our focus is on small businesses and providing them with the accounting services that they not only need but require. Our staff is able to work with you to help you manage your small business finances accurately and will guide you in better managing your small business accounting. Our Comprehensive Accounting Solutions includes the preparation of accurate and timely monthly financial statements in order to provide client consultation and advice. Current and accurate financial statements are the foundation of successful business guidance. If your current accountant prepares only quarterly or annual financial statements for your business, any advice or analysis is often too late to be relevant. Lauzen Accounting will help you utilize your monthly financial statements and tackle the financial complexities of your business. Our advanced web-based platform allows our clients to download critical financial documents, securely exchange data and use their small business accounting software online available through our website anytime, anywhere. As part of the Lauzen Accounting team, you will benefit from convenient solutions that leverage the latest technology. Our Small Business Accounting Service provides all of the essential services necessary for your small business success including meaningful business guidance. We will take care of your accounting tasks including: Reconciling Bank Statements Balancing... --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/mortgage-payoff/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/auto-buy-vs-lease/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/retirement-planner/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/net-to-gross-payroll-calculator/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/college-saving/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/cool-million/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/break-even-analysis/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2015-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/business-valuation/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/financial-ratios/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/mortgage-loan-calculator/ Use this calculator to generate an estimated amortization schedule for your current mortgage. Quickly see how much interest you could pay and your estimated principal balances. You can even determine the impact of any principal prepayments! Press the "Report" button for a full yearly or monthly amortization schedule. Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator. < ! --> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. --- - Published: 2014-05-31 - Modified: 2014-05-31 - URL: https://lauzenaccounting.com/help/financial-calculators/ Mortgage Calculators Mortgage Loan Calculator Use this calculator to determine your monthly payment and amortization schedule. Mortgage Payoff Save thousands of dollars in interest by increasing your monthly mortgage payment. Auto Calculators Lease vs. Buy Should you lease your next automobile or finance it? Find out with this calculator! Retirement Savings and Planning Retirement Planner Quickly determine if your retirement plan is on track - and learn how to keep it there. Tax Calculators Net to Gross Paycheck Calculator Determine the gross paycheck needed to provide a required net amount. Savings Calculators College Savings Use this calculator to help develop or fine tune your education savings plan. Cool Million Find out when your savings plan may make you a millionaire! Business Calculators Breakeven Analysis Find out how many and what price you must sell your product at to make a profit. Business Valuation - Discounted Cash Flow This tool calculates a business valuation based upon the discounted cash flow methodology - illustrating how changes in projected growth rates and capital assumptions impact the business Net Present Value. Financial Ratios This calculator helps you to zero in on areas of your business that may need attention. Areas such as solvency, liquidity, operational efficiency and profitability. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are... --- - Published: 2014-05-23 - Modified: 2023-11-19 - URL: https://lauzenaccounting.com/client-center/ Human Resources Login Welcome To Our New Client Center page specifically designed for you. Client Center Client Login Username: Password: - Forgot Password? QuickBooks Login Login Cash Management Login Email: Password: Timekeeping Login Employee Supervisor Login Login // < ! ]> --- - Published: 2014-05-21 - Modified: 2014-11-05 - URL: https://lauzenaccounting.com/about/go-mobile/ Go Mobile with Lauzen Accounting! Download the NetClient CS app from the Apple App Store or Google Play Store: The mobile app is an extension of our Client Center. Using your tablet or mobile device, you can access your tax and accounting documents anytime, anywhere, when you are on the go. You can log into the mobile app with the same username and password that you use to login to our Client Login in the Client Center. --- - Published: 2014-05-21 - Modified: 2014-06-28 - URL: https://lauzenaccounting.com/help/resources/ Get Off to a Good Start with These Valuable Tools We know your time is valuable, so we’ve collected some resources to provide you with tools and links to helpful information. From this page, you can access our refund tracker to check refund status, our easy-to-use calculators, or links to other online resources, as well as our monthly newsletter. Plus, if you’re a building owner, please see important information directed to you. Select one of the following: Track Your Refund Calculators Helpful Links Building Owners Newsletters Helpful Links Financial/Investment Resources QuickBooks Support- Visit the corporate website for QuickBooks support. Government Sites Internal Revenue Service - An online resource to the latest tax law. Illinois Department of Revenue- An online resource to find the latest in Illinois state tax law. Online Tax Payments Pay Federal Taxes - www. PAY1040. com allows you to pay your Federal income taxes electronically. Pay Illinois State Taxes- File your state tax online. Employee Insurance Coverage Notices Form 1 - For employers who offer a health plan to some or all employees. Form 2 - For employers who do not offer a health plan. Tax Guides 2014 Tax Guide 2013 Tax Guide Track Your Refund Tracking your tax refund is easy if you have the right tool. Use our refund tracker to quickly check the status of your refund. Open refund tracking site: --Select Refund Tracker-- Federal Alabama Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky... --- - Published: 2014-05-19 - Modified: 2020-04-20 - URL: https://lauzenaccounting.com/services/ A Level of Convenient Services That You've Never Experienced Before A Level of Convenience That You've Never Experienced Before Comprehensive Accounting Solutions Think of us as your internal accounting department with individual and business tax support. Our Comprehensive Accounting Solutions offer small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, prepare payroll and payroll tax returns, furnish financial statements, produce W-2's, produce 1099's, prepare tax returns and supply valuable financial and tax advice throughout the year. All activity is completed online via a technologically advanced SaaS-based platform-so communication and document exchange is in real-time. Set-up and training couldn't be simpler. You define your needs and we assess how our system can be integrated. We then train your company's point of contact on the process and how to access the system from our website. You don't have to be concerned with accounting activity. Our firm will handle everything from financial statement reporting and bank reconciliations to reviews and general ledger maintenance. We also take the time to review your data with you on a regular basis to ensure you understand your financial status and have the information at hand to make sound business decisions. Even better, all documents are delivered through our advanced online portal platform. This means that you are always reviewing current information and can eliminate paper copies! The Value of Our Accounting Services The benefits to you are immense. Consider the following:... --- - Published: 2012-04-01 - Modified: 2021-08-05 - URL: https://lauzenaccounting.com/contact/ Need Accounting Help? Contact Us! | Lauzen Accounting Lauzen Accounting 27W430 Warrenville RoadWarrenville, IL 60555Phone: 630. 393. 0202Fax: 630. 393. 0208Email: info@35. 194. 12. 67 Working hours Working to help our clients gain valuable time to run their businesses more efficiently, Lauzen Accounting is ready to hear from you. Monday - Friday 8 am to 4 pm Step 1 of 2 50% NameEmail PhoneQuestions / Comments: Name VerificationIn order to reduce spam submissions please provide your name a second time. Name First Last /* { mutations. forEach( ( mutation ) => { if ( mutation. type === 'attributes' && visibilityTestDiv. offsetParent ! == null ) { debouncedTriggerPostRender; observer. disconnect; } }); }); observer. observe( document. body, { attributes: true, childList: false, subtree: true, attributeFilter: , }); } else { triggerPostRender; } } );} ); /* ]]> */ --- --- ## Posts - Published: 2017-09-05 - Modified: 2017-09-05 - URL: https://lauzenaccounting.com/july-2017-tax-section-news/ - Categories: Taxes Monthly tax news for July 2017 that includes a Letter from the AICPA Tax Executive Chair, Annette Nellen, the latest on tax reform, an update on Sec. 7345 passport legislation, and much more. For more information visit: AICPA – Tax --- - Published: 2017-08-18 - Modified: 2017-08-18 - URL: https://lauzenaccounting.com/attorney-client-privilege-and-use-of-kovel-arrangements-faqs/ - Categories: Taxes This series of frequently asked questions (FAQs) explains several privileges and protections that are relevant to a CPA who provides tax services, including the concept of attorney-client privilege, its implication on CPAs, and the use of Kovel arrangements For more information visit: AICPA – Tax --- - Published: 2017-07-28 - Modified: 2017-07-28 - URL: https://lauzenaccounting.com/june-2017-tax-section-news/ - Categories: Taxes Read the latest on the future of tax technology from the Letter from the Director as well as the latest on PTINs and simplified portability election guidance For more information visit: AICPA – Tax --- - Published: 2017-07-28 - Modified: 2017-07-28 - URL: https://lauzenaccounting.com/letter-from-the-aicpa-tax-executive-committee-chair-embracing-uncertainties-the-reality-and-excitement-of-tax-work/ - Categories: Taxes The tax world is constantly plagued with uncertainties. Temporary rules are a standard feature of federal and state tax systems, and create uncertainty as to their extension or eventual passage into permanence. Because of laws that are often vague or incomplete, we cannot always answer client For more information visit: AICPA – Tax --- - Published: 2017-07-28 - Modified: 2017-07-28 - URL: https://lauzenaccounting.com/update-on-sec-7345-passport-legislation/ - Categories: Taxes As part of the Fixing America's Surface Transportation Act, Sec. 7345 authorizes the IRS to notify the State Department of taxpayers who owe a seriously delinquent tax debt. The IRS certification will request action for denial, revocation, or limitation of the passport For more information visit: AICPA – Tax --- - Published: 2017-07-28 - Modified: 2017-07-28 - URL: https://lauzenaccounting.com/making-virtual-meetings-a-part-of-your-practice/ - Categories: Taxes Building a successful tax practice includes nurturing a strong relationship with your clients and the effective management of your staff. The foundation for a strong client relationship is engaging in effective communication that serves to draw out the relevant information you need to provide For more information visit: AICPA – Tax --- - Published: 2017-07-28 - Modified: 2017-07-28 - URL: https://lauzenaccounting.com/are-you-ready-for-a-tax-appeal-by-phone-at-least-you-wont-have-to-dress-up/ - Categories: Taxes When there is a disagreement with an IRS employee (such as a Revenue Agent or Revenue Officer) as to proposed adjustments to a tax return or proposed collection action, in most instances a taxpayer has the right to request a hearing with the IRS Office of Appeals. In the past, For more information visit: AICPA – Tax --- - Published: 2017-07-26 - Modified: 2017-07-26 - URL: https://lauzenaccounting.com/partnership-audit-and-adjustment-rules/ - Categories: Taxes As result of the Bipartisan Budget Act of 2015, Congress enhanced the IRS's ability to audit large partnerships. The changes are expected to dramatically increase the audit rates for partnerships and will require partners to review and possibly revise their operating agreements. Here is For more information visit: AICPA – Tax --- - Published: 2017-07-03 - Modified: 2017-07-03 - URL: https://lauzenaccounting.com/hot-topics-cash-flow-qa-for-start-ups/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2017-06-23 - Modified: 2017-06-23 - URL: https://lauzenaccounting.com/letter-from-the-director-aicpa-tax-practice-ethics/ - Categories: Taxes The tax profession is changing – how are you preparing? You moved your data to the cloud and mastered Form 8879 digital signatures, but are you ready to compete with a robot for your tax clients? An equivalent to Rosie, the faithful housekeeper from the Jetsons, hasn't materialized yet, but Watson For more information visit: AICPA – Tax --- - Published: 2017-06-23 - Modified: 2017-06-23 - URL: https://lauzenaccounting.com/complexities-for-clients-who-are-u-s-beneficiaries/ - Categories: Taxes Recommendations to help the IRS correctly track U. S. beneficiaries of foreign trust withholding credit. For more information visit: AICPA – Tax --- - Published: 2017-06-23 - Modified: 2017-06-23 - URL: https://lauzenaccounting.com/best-practices-for-staff-training/ - Categories: Taxes It is a good time to evaluate the options for your staff training since filing season is in the rear window and staff performance evaluations have been recently completed. For more information visit: AICPA – Tax --- - Published: 2017-06-22 - Modified: 2017-06-22 - URL: https://lauzenaccounting.com/may-2017-tax-section-news/ - Categories: Taxes What You Missed While in Tax Season; Available Now: Tax Section Web Tours For more information visit: AICPA – Tax --- - Published: 2017-06-22 - Modified: 2017-06-22 - URL: https://lauzenaccounting.com/hot-topics-creating-an-employee-handbook/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2017-06-14 - Modified: 2017-06-14 - URL: https://lauzenaccounting.com/tax-education-resources-for-students-and-teachers-2/ - Categories: Taxes Our tax education resources for students and teachers helps accounting educators For more information visit: AICPA – Tax --- - Published: 2017-06-12 - Modified: 2017-06-12 - URL: https://lauzenaccounting.com/hot-topics-new-to-small-business/ - Categories: Accounting, Bookkeeping, Payroll, Taxes Things you should know for your first tax filing. read more For more information visit: PASBA --- - Published: 2017-05-25 - Modified: 2017-05-25 - URL: https://lauzenaccounting.com/staff-performance-evaluations/ - Categories: Taxes During the busy seasons, CPA firm staff and supervisors are focused on their clients. For the best employees, the volume of work never distracts from the quality. But in crunch time, anyone can develop bad habits that can bleed over into regular operations. The future success of any CPA firm For more information visit: AICPA – Tax --- - Published: 2017-05-25 - Modified: 2017-05-25 - URL: https://lauzenaccounting.com/irs-hires-private-debt-collection-services-how-to-help-your-clients/ - Categories: Taxes The recent announcement that the IRS is turning over certain collection cases to third-party debt collectors has sent some shock waves through our profession. This article addresses these concerns and how to address them with your clients. For more information visit: AICPA – Tax --- - Published: 2017-05-25 - Modified: 2017-05-25 - URL: https://lauzenaccounting.com/issues-to-consider-when-establishing-a-tax-home-overseas/ - Categories: Taxes As the world has become a smaller place, more and more businesses have developed international operations. Once established, these foreign-based companies are often staffed by local country personnel. However, in the early stages of establishing a foreign presence, key managerial talent from the For more information visit: AICPA – Tax --- - Published: 2017-05-25 - Modified: 2017-05-25 - URL: https://lauzenaccounting.com/partnership-tax-audits-the-new-rules/ - Categories: Taxes The new partnership audit regime under the Bipartisan Budget Act of 2015, P. L. 114-74 (“BBA”), radically changes the assessment and collection of partnership audit tax adjustments. Yet despite the major changes contained in the BBA—or perhaps in light of them—there are still many unanswered For more information visit: AICPA – Tax --- - Published: 2017-05-24 - Modified: 2017-05-24 - URL: https://lauzenaccounting.com/april-2017-tax-section-news/ - Categories: Taxes April 2017 Tax Section News including updates on Tax Reform, IRS collection standards, ITIN service options, providing tax services to marijuana businesses, and advice on client billing. Also, resources available include newly revised foreign national tools, IRS collection tools, nano learning For more information visit: AICPA – Tax --- - Published: 2017-05-04 - Modified: 2017-05-04 - URL: https://lauzenaccounting.com/hot-topics-retirement-plannning-for-small-business/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2017-04-28 - Modified: 2017-04-28 - URL: https://lauzenaccounting.com/member-spotlight-arthur-kip-dellinger/ - Categories: Taxes Kip Dellinger is a current member of the AICPA Tax Executive Committee, and is by no means a rookie volunteer in the Tax Division. I have had the great pleasure of working with him on a variety of tax ethics matters both in an official volunteer capacity as well as outside of For more information visit: AICPA – Tax --- - Published: 2017-04-28 - Modified: 2017-04-28 - URL: https://lauzenaccounting.com/how-to-avoid-the-why-is-my-bill-so-high-phone-call-from-clients/ - Categories: Taxes If you have been involved in billing at any level, you have gotten a phone call from a client who is asking: “why is my bill so high ? ” I know there have been times when I held my breath as I answered the phone right around the time I knew a client received my invoice. With the correct For more information visit: AICPA – Tax --- - Published: 2017-04-28 - Modified: 2017-04-28 - URL: https://lauzenaccounting.com/tax-reform-reality-or-wishful-thinking/ - Categories: Taxes In December, I thought there was a very good likelihood that a fundamental tax reform bill might be passed before tax busy season was finished. Good thing I'm not a betting man. Tax reform is far from dead this year, but it's probably further from reality than I originally thought. The odds of For more information visit: AICPA – Tax --- - Published: 2017-04-28 - Modified: 2017-04-28 - URL: https://lauzenaccounting.com/up-in-smoke-tax-services-for-marijuana-affiliated-businesses/ - Categories: Taxes If you prepare taxes for clients in any of the majority of states or jurisdictions that now permit some form of legal use or distribution of marijuana, you are likely aware that the federal ban on this drug poses a conflict. The risks can be great. For more information visit: AICPA – Tax --- - Published: 2017-04-28 - Modified: 2017-04-28 - URL: https://lauzenaccounting.com/march-2017-tax-section-news/ - Categories: Taxes IRS Tax Scams; Vacation Just Around the Corner For more information visit: AICPA – Tax --- - Published: 2017-04-07 - Modified: 2017-04-07 - URL: https://lauzenaccounting.com/movement-on-repeal-of-both-1099s/ - Categories: Taxes The committee action, which also made changes to a tax credit enacted in the health care reform law, follows advocacy by AICPA and others to reduce a significant burden on taxpayers. For more information visit: AICPA – Tax --- - Published: 2017-04-02 - Modified: 2017-04-02 - URL: https://lauzenaccounting.com/hot-topics-overtime-rule-delayed-leaving-businesses-and-employees-in-the-lurch/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2017-03-23 - Modified: 2017-03-23 - URL: https://lauzenaccounting.com/february-tax-section-news/ - Categories: Taxes Tax Section News for February including important tax updates and "Executive Orders - A Primer" For more information visit: AICPA – Tax --- - Published: 2017-03-23 - Modified: 2017-03-23 - URL: https://lauzenaccounting.com/january-tax-section-news/ - Categories: Taxes January Tax Section News including Capital Tax Update and Thriving in Tax Season. For more information visit: AICPA – Tax --- - Published: 2017-03-23 - Modified: 2017-03-23 - URL: https://lauzenaccounting.com/data-compromises-a-tax-practitioners-nightmare/ - Categories: Taxes Data compromises are a daily event in the U. S. , and data compromises targeting tax professionals are on the rise. Identity thieves, many of whom are involved with sophisticated and organized syndicates, are redoubling their efforts to gather personal data to commit Stolen Identity Refund Fraud For more information visit: AICPA – Tax --- - Published: 2017-03-23 - Modified: 2017-03-23 - URL: https://lauzenaccounting.com/adventure-relaxation-education-your-vacation-is-just-around-the-corner/ - Categories: Taxes You've probably been asked this dozens of times in the past few months. As if you needed another reminder of the digital (and possibly actual) stack of returns waiting for you in the office. How's it going? You're tired! But you diligently plow through, creeping closer every hour to the big payoff: For more information visit: AICPA – Tax --- - Published: 2017-03-17 - Modified: 2017-03-17 - URL: https://lauzenaccounting.com/irs-collection-guidance-and-resources/ - Categories: Taxes Practitioners are likely to have clients who owe taxes to the IRS and who are unable to immediately pay the For more information visit: AICPA – Tax --- - Published: 2017-03-01 - Modified: 2017-03-01 - URL: https://lauzenaccounting.com/toolkit-your-computer-has-been-locked/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2017-02-23 - Modified: 2017-02-23 - URL: https://lauzenaccounting.com/what-to-do-when-a-key-member-of-your-team-is-unexpectedly-out-of-the-office/ - Categories: Taxes When a key member of your staff leaves unexpectedly, it can be a challenge to work through busy season without them. However, there are some ways to help mitigate the loss of a staff member for an extended period of time. For more information visit: AICPA – Tax --- - Published: 2017-02-23 - Modified: 2017-02-23 - URL: https://lauzenaccounting.com/top-5-ways-to-burn-calories-during-tax-season/ - Categories: Taxes Finding time to take care of your physical and emotional health this tax season can be hard to do. Luckily for you, this Top 5 list shows you there are many opportunities around every corner. For more information visit: AICPA – Tax --- - Published: 2017-02-23 - Modified: 2017-02-23 - URL: https://lauzenaccounting.com/sec-2704-estate-valuation-regulations-not-withdrawn-under-the-regulatory-freeze-executive-order-cpas-need-to-consider-disclosure-statements/ - Categories: Taxes The executive order that freezes federal regulations only withdraws regulations that were not yet published. Sec. 2704 proposed regulations are not withdrawn, but impacted CPAs may want to use a suggested disclosure statement. For more information visit: AICPA – Tax --- - Published: 2017-02-23 - Modified: 2017-02-23 - URL: https://lauzenaccounting.com/letter-from-the-chair-2/ - Categories: Taxes Annette Nellen, Chair of the AICPA Tax Executive Committee, gives highlights on recent developments on the AICPA Tax Division as well as developments in its advocacy efforts. For more information visit: AICPA – Tax --- - Published: 2017-02-23 - Modified: 2017-02-23 - URL: https://lauzenaccounting.com/executive-orders-a-primer/ - Categories: Taxes With executive orders being in the spotlight recently, this article explains the authority of an executive order and highlights the impact of the ACA EO and a CPA's professional responsibilities to it. For more information visit: AICPA – Tax --- - Published: 2017-01-27 - Modified: 2017-01-27 - URL: https://lauzenaccounting.com/new-due-diligence-requirements-and-preparer-penalties-for-2016-tax-returns/ - Categories: Taxes Tax return preparers will need to spend additional time to determine the eligibility of clients to claim certain credits and to formally document their qualification to do so. For more information visit: AICPA – Tax --- - Published: 2017-01-27 - Modified: 2017-01-27 - URL: https://lauzenaccounting.com/capital-tax-update-3/ - Categories: Taxes When it comes to important tax and political activity, January 2017 is no slouch. Not only is a new President being ushered in, the IRS issued new (proposed) regulations for partnership audits and the AICPA is preparing for the possibility for tax reform and making its views clear on key For more information visit: AICPA – Tax --- - Published: 2017-01-26 - Modified: 2017-01-26 - URL: https://lauzenaccounting.com/reducing-investment-taxes-in-the-new-year/ - Categories: Taxes As CPAs, we know that the biggest drag on investment performance is taxes, and this year will undoubtedly result in several instances of clients asking: “How can I reduce my taxes? ” While year-end has come and gone, the start of a new year allows you to take a fresh look at your investment strategy For more information visit: AICPA – Tax --- - Published: 2017-01-26 - Modified: 2017-01-26 - URL: https://lauzenaccounting.com/thriving-in-tax-season-action-steps-for-success/ - Categories: Taxes There are a number of ways to improve your upcoming tax season, many of which can be executed easily with a lot of positive impact. For more information visit: AICPA – Tax --- - Published: 2017-01-26 - Modified: 2017-01-26 - URL: https://lauzenaccounting.com/expectations-for-tax-season-a-recap-from-our-tax-practice-quarterly-webcast/ - Categories: Taxes A recap of our tax practice quarterly webcast on Gearing Up for the Tax Season with a summary of the key interest areas this tax season. For more information visit: AICPA – Tax --- - Published: 2017-01-26 - Modified: 2017-01-26 - URL: https://lauzenaccounting.com/a-new-year-with-new-due-dates-and-new-uncertainty/ - Categories: Taxes As the 2017 tax season shifts into high gear, practitioners should carefully consider the impact of legislation that modified both original and extended due dates for federal income tax and related information returns. These modifications impact a variety of businesses, especially partnerships, For more information visit: AICPA – Tax --- - Published: 2017-01-15 - Modified: 2017-01-15 - URL: https://lauzenaccounting.com/hot-topics-smart-ways-to-work-more-efficiently/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2016-12-16 - Modified: 2016-12-16 - URL: https://lauzenaccounting.com/new-tax-return-due-dates-frequently-asked-questions-faqs/ - Categories: Taxes 2016 is rapidly drawing to a close, which means it is time to gear up for the 2017 filing season. There are many uncertainties about what is coming on the tax horizon, but on the bright side, we are not waiting on an extender bill for 2016 tax law. So at least the speculation on that front is For more information visit: AICPA – Tax --- - Published: 2016-12-15 - Modified: 2016-12-15 - URL: https://lauzenaccounting.com/using-irs-e-services-2/ - Categories: Taxes Webpage providing guidance and resources about IRS E-Services tools. For more information visit: AICPA – Tax --- - Published: 2016-12-15 - Modified: 2016-12-15 - URL: https://lauzenaccounting.com/was-2016-a-good-year-for-tax-and-tax-practitioners/ - Categories: Taxes CPAs can again look forward to a punctual beginning for tax season with a reasonable amount of certainty about tax laws affecting returns and, perhaps, improved IRS service. Practitioners started 2016 with the knowledge that expiring provisions were alive, as they had been signed in December, For more information visit: AICPA – Tax --- - Published: 2016-12-15 - Modified: 2016-12-15 - URL: https://lauzenaccounting.com/breaking-aca-news-that-will-impact-upcoming-filing-requirements/ - Categories: Taxes Although the Affordable Care Act (ACA) and the related information reporting provisions have been in place for a couple of years, the rules continue to change. Practitioners need to stay on top of these ongoing developments. For more information visit: AICPA – Tax --- - Published: 2016-12-15 - Modified: 2016-12-15 - URL: https://lauzenaccounting.com/10-practical-tips-to-secure-your-firms-network/ - Categories: Taxes As the 2017 filling season rapidly approaches, now is an excellent time to review your firm's cybersecurity practices. In today's world, no information is safe, so you owe it to your clients to assure them that you are doing everything you can to protect their data. This article provides 10 For more information visit: AICPA – Tax --- - Published: 2016-11-30 - Modified: 2016-11-30 - URL: https://lauzenaccounting.com/hot-topics-irs-extends-aca-6055-and-6056-reporting-deadline-for-2016/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2016-11-17 - Modified: 2016-11-17 - URL: https://lauzenaccounting.com/hot-topics-acquiring-a-business-a-guide-to-acquisition-financing/ - Categories: Accounting, Bookkeeping, Payroll, Taxes Expanding your growing enterprise is an exciting proposition but finding financing to help acquire a new business can be a challenge. Add to that a difficult lending market and an increasing seller-funding trend and you may find yourself in unchartered financial waters. read more For more information visit: PASBA --- - Published: 2016-11-17 - Modified: 2016-11-17 - URL: https://lauzenaccounting.com/checklists-3/ - Categories: Taxes 2015 tax checklists that are part of the annual compliance kit For more information visit: AICPA – Tax --- - Published: 2016-11-17 - Modified: 2016-11-17 - URL: https://lauzenaccounting.com/practice-management-guides-3/ - Categories: Taxes Misc. practice guides for 2015; part of Annual Compliance Kit For more information visit: AICPA – Tax --- - Published: 2016-11-17 - Modified: 2016-11-17 - URL: https://lauzenaccounting.com/engagement-letters-3/ - Categories: Taxes 2015 engagement letters as part of the Annual Compliance Kit For more information visit: AICPA – Tax --- - Published: 2016-11-04 - Modified: 2016-11-04 - URL: https://lauzenaccounting.com/hot-topics-increases-and-changes-to-irs-tax-limits-for-2017/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2016-10-27 - Modified: 2016-10-27 - URL: https://lauzenaccounting.com/letter-from-the-chair-of-the-aicpa-tax-executive-committee/ - Categories: Taxes The AICPA Tax Division welcomes new and returning volunteers to its technical resource panels (TRPs) and committees. Thank you for stepping up to serve and making time in your busy schedules to help fellow members, and to improve tax rules and procedures. On Troy Lewis' and my behalf, thank you to For more information visit: AICPA – Tax --- - Published: 2016-10-27 - Modified: 2016-10-27 - URL: https://lauzenaccounting.com/whats-new-in-irs-appeals/ - Categories: Taxes The Office of Appeals is an independent organization within the IRS with the mission of helping taxpayers settle tax disagreements. Though practitioners should always try to resolve issues at the lowest possible level (i. e. , with the service centers or front-line IRS employees/managers), using For more information visit: AICPA – Tax --- - Published: 2016-10-27 - Modified: 2016-10-27 - URL: https://lauzenaccounting.com/halloween-horror-stories-no-accounting-for-the-wicked/ - Categories: Taxes While most people's Halloween shudders come from haunted houses or scary movie marathons on their favorite television channels, fear is something very different for a CPA. An unexpected call from the state board, an audit of an important client's return... these are nightmares a CPA would rather not For more information visit: AICPA – Tax --- - Published: 2016-10-27 - Modified: 2016-10-27 - URL: https://lauzenaccounting.com/gearing-up-for-the-next-busy-season/ - Categories: Taxes With another tax deadline behind us, we all can breathe a sigh of relief, but it has to be a short one as the next tax season is right around the corner. There are some steps you can take now though, to help you get through your next tax season more smoothly. One way to make your tax season less For more information visit: AICPA – Tax --- - Published: 2016-10-27 - Modified: 2016-10-27 - URL: https://lauzenaccounting.com/whats-new-in-irs-appeals-2/ - Categories: Taxes The Office of Appeals is an independent organization within the IRS with the mission of helping taxpayers settle tax disagreements. Though practitioners should always try to resolve issues at the lowest possible level (i. e. , with the service centers or front-line IRS employees/managers), using For more information visit: AICPA – Tax --- - Published: 2016-10-13 - Modified: 2016-10-13 - URL: https://lauzenaccounting.com/hot-topics-five-steps-for-hiring-the-right-sales-people/ - Categories: Accounting, Bookkeeping, Payroll, Taxes You've worked day and night to build your business and now you're finally to the point where you think a sales person or two could take your business to the next level. Finding and trusting someone to go out into the universe and speak and sell on behalf of your organization is a big step. If they don't represent the business well, gread more For more information visit: PASBA --- - Published: 2016-10-06 - Modified: 2016-10-06 - URL: https://lauzenaccounting.com/tax-professional-success-stories-podcasts/ - Categories: Taxes Prominent CPAs provide success stories from their careers as tax accountants. They discuss how they became successful, challenges they have faced, and opportunities in the profession. For more information visit: AICPA – Tax --- - Published: 2016-10-06 - Modified: 2016-10-06 - URL: https://lauzenaccounting.com/tax-career-opportunities/ - Categories: Taxes There are many opportunities for those who seek a career in tax. The financial rewards for successful For more information visit: AICPA – Tax --- - Published: 2016-10-06 - Modified: 2016-10-06 - URL: https://lauzenaccounting.com/tax-education-resources-for-students-and-teachers/ - Categories: Taxes Our tax education resources for students and teachers helps accounting educators shape For more information visit: AICPA – Tax --- - Published: 2016-10-06 - Modified: 2016-10-06 - URL: https://lauzenaccounting.com/campus-to-clients-columns/ - Categories: Taxes This quarterly column for the AICPA's Tax Adviser, publishes in February, May, August, and November. It covers topics of interest to tax faculty including ideas for classroom co-curricular activities and pedagogy for tax courses. For more information visit: AICPA – Tax --- - Published: 2016-09-27 - Modified: 2016-09-27 - URL: https://lauzenaccounting.com/hot-topics-need-help-and-want-to-hire-outside-the-box/ - Categories: Accounting, Bookkeeping, Payroll, Taxes read more For more information visit: PASBA --- - Published: 2016-09-23 - Modified: 2016-09-23 - URL: https://lauzenaccounting.com/jumping-ship-is-it-time-for-a-career-change/ - Categories: Taxes Has the snooze button on your alarm broken off due to excessive use? Does the idea of passing that same tree on your way to the office each morning give you a headache? Or maybe you absolutely love your work, but are looking for a new challenge. Whatever your situation, you may be ready to make a For more information visit: AICPA – Tax --- - Published: 2016-09-22 - Modified: 2016-09-22 - URL: https://lauzenaccounting.com/tax-ethics-always-evolving-yet-remaining-forever-a-sure-thing/ - Categories: Taxes “The more things change, the more they stay the same. ” – Jean-Baptiste Alphonse Karr In the ever-changing world of taxation, one of the few constants is the obligation of CPAs to abide by certain sets of rules and regulations upon which our profession is based. Now more than ever, ethical For more information visit: AICPA – Tax --- - Published: 2016-09-22 - Modified: 2016-09-22 - URL: https://lauzenaccounting.com/talking-politics-the-candidates-tax-plans-and-your-clients-questions/ - Categories: Taxes In every election cycle, one safe bet is that the candidates will have something to say about taxes. As a perennial vote-getter, candidate tax plans are always front and center, especially in presidential elections. Forgetting for a moment that Congress writes the laws, debate often rages around For more information visit: AICPA – Tax --- - Published: 2016-09-15 - Modified: 2016-09-15 - URL: https://lauzenaccounting.com/ssts-no-7-form-and-content-of-advice-to-taxpayers-communication-and-documentation-faqs/ - Categories: Taxes The answers to these frequently asked questions (FAQs) are based on guidance developed by the SSTS Guidance Task Force in response to questions that were presented during the SSTS public exposure period and since that time in administering the SSTSs. These FAQs are not rules, regulations, or For more information visit: AICPA – Tax --- - Published: 2016-09-15 - Modified: 2016-09-15 - URL: https://lauzenaccounting.com/ssts-no-6-knowledge-of-error-return-preparation-and-administrative-proceedings-errors-on-return-faqs/ - Categories: Taxes The answers to these frequently asked questions (FAQs) are based on guidance developed by the SSTS Guidance Task Force in response to questions that were presented during the SSTS public exposure period and since that time in administering the SSTSs. These FAQs are not rules, regulations, or For more information visit: AICPA – Tax --- - Published: 2016-09-12 - Modified: 2016-09-12 - URL: https://lauzenaccounting.com/hot-topics-ready-to-change-your-business-perspective/ - Categories: Accounting, Bookkeeping, Payroll, Taxes Horizontal or Vertical Market strategies can make the difference. read more For more information visit: PASBA --- - Published: 2016-08-26 - Modified: 2016-08-26 - URL: https://lauzenaccounting.com/career-opportunities-for-cpas-in-tax/ - Categories: Taxes I walked into the first room and was met with blank stares, that is by those who were actually looking my direction and not punching someone under the table or braiding their neighbor's hair. Despite my advance planning and dynamic PowerPoint presentation, I was having trouble reaching this For more information visit: AICPA – Tax --- - Published: 2016-08-22 - Modified: 2016-08-22 - URL: https://lauzenaccounting.com/section-2704-valuation-regulations-how-will-it-impact-your-clients/ - Categories: Taxes Despite the long-held belief in tax planning circles that the above is true, the IRS recently proposed regulations that, according to Mark Mazur, assistant secretary for tax policy at the Treasury Department, “will close a tax loophole that certain taxpayers have long used to understate the fair For more information visit: AICPA – Tax --- - Published: 2016-08-22 - Modified: 2016-08-22 - URL: https://lauzenaccounting.com/capital-tax-update-2/ - Categories: Taxes In August, it's so quiet in Washington, you could hear a bill drop. That is, if Congress were here. However, the IRS and AICPA are still in town and keeping busy; here's a roundup of things you want to know. For more information visit: AICPA – Tax --- - Published: 2016-08-22 - Modified: 2016-08-22 - URL: https://lauzenaccounting.com/problems-obtaining-transcripts-in-lieu-of-an-estate-tax-closing-letter/ - Categories: Taxes Last year, the IRS announced that it will no longer automatically issue an estate tax closing letter; instead, taxpayers must request one. The IRS has suggested that an acceptable substitute may be an account transcript with the transaction code 421, Closed examination of tax return, which notes For more information visit: AICPA – Tax --- - Published: 2016-08-20 - Modified: 2016-08-20 - URL: https://lauzenaccounting.com/hot-topics-starting-a-small-business-your-financial-i-q-will-play-a-big-role-in-your-future-success/ - Categories: Accounting, Bookkeeping, Payroll, Taxes Dreaming about starting a business can quickly shift from spending your days enjoying your passion to stressful days of managing cashflow. Like many small business owners, working a passion is very different than managing cash, paying employees, and planning for growth. read more For more information visit: PASBA --- - Published: 2016-08-10 - Modified: 2016-08-10 - URL: https://lauzenaccounting.com/free-cpe-events-exclusively-for-tax-section-members-register-today/ - Categories: Taxes The AICPA's Tax Section would like to express its sincere gratitude for your membership and commitment to the CPA profession. To demonstrate our appreciation, we invite you to join us on our upcoming Tax Practice Quarterly webcast series - a series focused on helping you run an efficient and For more information visit: AICPA – Tax --- - Published: 2016-07-27 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/brexit-frequently-asked-questions-faqs-answers-for-tax-professionals/ - Categories: Taxes The UK vote to leave the EU, may have major implications for clients and tax practitioners. Here are answers to help address the most common questions raised by BREXIT. For more information visit: AICPA – Tax --- - Published: 2016-07-19 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/identity-theft-continues-to-top-the-list-of-irs-administrative-problems/ - Categories: Taxes Identity theft continues to top the list of IRS administrative problems; tax professionals and taxpayers continue to grapple with the risk of identity theft and the post theft aftermath. Several efforts have been made to mitigate the theft of innocent taxpayer's IRS account. In 2015, in an effort For more information visit: AICPA – Tax --- - Published: 2016-07-19 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/preparing-for-fall-extensions/ - Categories: Taxes Spring busy season is a time to establish strategies and processes to encourage clients to bring in all of their information in a timely fashion. Despite your best efforts, however, inevitable delays in receiving some clients' information often result in the need to file an extension. Once the For more information: AICPA – Tax --- - Published: 2016-07-19 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/brexit-how-will-it-impact-your-clients/ - Categories: Taxes Worldwide Economic Impact of Brexit, Although most pundits agreed that it was going to be a close vote, not many accurately predicted the final outcome of the vote in late June in which the population of the United Kingdom (U. K. ) decided to withdraw from the European Union (E. U. ). As a general For more information: AICPA – Tax --- - Published: 2016-07-19 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/member-spotlight-lisa-c-germano-jd-cgma-cpa/ - Categories: Taxes Lisa C. Germano, JD, CGMA, CPA, has served as a Tax Division Volunteer for over 25 years. She has been a member of the AICPA Tax Executive Committee and the Employee Benefits Taxation Committee, as well as several task forces on topics specific to employee benefits. In 2015, she was awarded the For more information visit: AICPA – Tax --- - Published: 2016-07-19 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/tax-ethics-standards-guidance/ - Categories: Taxes All AICPA members are subject to the AICPA Code of Professional Conduct, including all general and technical standards. There are several provisions in the Code of Professional Conduct that may be of particular interest to a member's tax practice, including: Rule 101 – Independence, Interpretation For more information: AICPA – Tax --- - Published: 2016-07-14 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/engagement-letters-2/ - Categories: Taxes 2015 engagement letters as part of the Annual Compliance Kit For more information visit: AICPA – Tax --- - Published: 2016-07-14 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/practice-management-guides-2/ - Categories: Taxes Misc. practice guides for 2015; part of Annual Compliance Kit For more information visit: AICPA – Tax --- - Published: 2016-07-14 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/checklists-2/ - Categories: Taxes 2015 tax checklists that are part of the annual compliance kit For more information visit: AICPA – Tax --- - Published: 2016-07-11 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/u-s-gift-tax-return-checklist-2013/ - Categories: Taxes This page includes a checklist for the 2012 U. S. Gift Tax Return (Form 709). These documents were prepared by the AICPA Tax Practice Guides Task Force. For more information visit: AICPA – Tax --- - Published: 2016-07-11 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/u-s-estate-tax-return-checklist-2013/ - Categories: Taxes This section includes a checklist for the 2012 U. S. Estate Tax Return (Form 706). These documents were prepared by the AICPA Tax Practice Guides Task Force. for more information visit: AICPA – Tax --- - Published: 2016-07-11 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/tax-organizer-2013-2/ - Categories: Taxes These tax organizers have been designed to assist in compiling the information needed to prepare the respective returns for 2013. The following contains many of the common income items, expenses, deductions and credits, as well as questions that determine the proper handling of these items. For more information visit: AICPA – Tax --- - Published: 2016-07-11 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/tax-form-preparation-guide-2013/ - Categories: Taxes This page includes guides, worksheets, and checklists for 2013 tax form preparation. These documents were prepared by the AICPA Tax Practice Guides Task Force. For more information visit: AICPA – Tax --- - Published: 2016-07-11 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/tax-exempt-organizations-2013/ - Categories: Taxes This section includes checklists for preparing 2013 returns for tax exempt organizations, and the Form 990-EZ checklist is available again this year. (The Form 990 organizer is located under the organization link. ) For more information visit: AICPA – Tax --- - Published: 2016-07-06 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/hot-topics-more-chip-card-woes/ - Categories: Accounting, Bookkeeping, Payroll, Taxes As of October 2015, retailers who didn't transition to chip-reader transactions began being accountable for any resulting fraud, known as chargebacks. While merchants have been informed of the risks, the costs and sometimes lengthy certification process to become an authorized chip-reader merchant have prevented 100 percent acceptance. read more For more information visit: PASBA --- - Published: 2016-06-23 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/trending-for-you/ - Categories: Taxes Supporting our members is what we're about and we do it two ways: with advocacy and helping you run a successful practice – focusing on your day-to-day needs. An integral part of that support process is tracking trends that may impact you and influence the work that we do. Here are some of the For more information visit: AICPA – Tax --- - Published: 2016-06-21 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/irs-relaunches-get-transcript-online-tool/ - Categories: Taxes On June 7, the IRS announced that it relaunched its Get Transcript online tool. Last spring, the online tool was pulled down after cybercriminals breached the system. Though the IRS originally stated that the breach involved 100,000 taxpayers' accounts, the number has been revised to reveal that For more information visit: AICPA – Tax --- - Published: 2016-06-21 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/issue-spotlight-electing-out-of-the-bba-partnership-rules/ - Categories: Taxes In late 2015, the Bipartisan Budget Act of 2015 (the “BBA”) repealed the current Tax Equity and Fiscal Responsibility Act (“TEFRA”) partnership audit rules and procedures, which have been in place since the 1980s. The new BBA rules are effective for returns filed for partnership taxable years For more information visit: AICPA – Tax --- - Published: 2016-06-21 - Modified: 2016-08-03 - URL: https://lauzenaccounting.com/continuing-your-learning-journey-beyond-cpe-credits/ - Categories: Taxes As the month of June comes to a close, many of you may have found yourselves at graduations in recent weeks. If you are like me, when you attend such events they often serve to remind you of your very own graduation – whether it was high school or college, or that “graduation-like moment” of having For more information visit: AICPA – Tax --- - Published: 2016-06-21 - Modified: 2016-06-21 - URL: https://lauzenaccounting.com/rev-proc-2016-29-and-the-final-tangible-property-regulations/ - Categories: Taxes Just when we begin to assimilate the accounting method changes to the tangible property regulations, along comes Rev. Proc. 2016-29 which modifies and expands Rev. Proc. 2015-13 and Rev. Proc. 2015-56. However, there's no need for panic. The changes in Rev. Proc. 2016-29 are mostly clarifications. Source:: AICPA – Tax --- ---